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The only way to recognize a market bottom is when you can look back at it 6 or 12 months in the past. However, history can provide some hints.
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Just posted on my Local Market Information page (http://www.ehomesbymorris.com/custom3.shtml), an article from today’s Wall Street Journal Market Watch: Home-buyer tax-credit refunds delayed for months. Obviously, that isn’t really “local” news, but it is important to me that my clients and prospective clients are never surprised by information that I could have shared with them. This … Continue reading
Despite continuing fragility in the states where the economy has suffered the most, Central Texas continues to weather the storm much better than most. Continue reading
I just posted on my Local Market Information page (http://www.ehomesbymorris.com/custom3.shtml) an article from Business Week this morning, ranking the Top 40 metropolitan economies in the United States. Five of the Top 10 are in Texas: #1 — San Antonio #2 — Austin #5 — Dallas/Ft. Worth #9 — Houston #10 — El Paso Their comments … Continue reading
More than any time over the past several years, now is when the detailed market knowledge of a real estate professional is very important. Continue reading
Understanding a local real estate market still requires a human being dealing with “hyper-local” market detail. Continue reading
Interested in what the market’s doing in your neighborhood? Visit http://www.ehomesbymorris.com.z57preview.com/hvalue.shtml, enter your address (or another property you’re interested in), and you’ll see the results. Of course, there is much more to a comprehensive market analysis than just a list of houses — all sizes, ages, styles, builders, with and without updates, pools, etc. Let … Continue reading
I wrote here earlier this month (A House Is Not An ATM, 10/5/09) about the power of leverage, and how modest price appreciation in real estate can represent a truly huge return on investment over time. That is not money to play with or to borrow to finance your current lifestyle. Nonetheless, home equity can become … Continue reading
I keep reading letters to the editor in the American-Statesman about how unreasonable Travis Central Appraisal District as been this year, and I don’t get it. I’m sure there have been some poor decisions, but I and several of my clients were able to get significant reductions this year in the proposed values initially posted … Continue reading
An e-mail misinformation campaign has been circulating that makes false statements about Propositions 2 and 3. The e-mail claims that passing these propositions will allow the state to start taxing homeowners. That is complete fiction. Continue reading
